Golding Capital Partners has raised €300 million (U.S.$390 million) as part of a new fund to be used to invest in the infrastructure sector.
The Munich-based private equity firm was able to raise the capital by partnering with institutional investor Huk-Coburg Asset Management GmbH, an insurance holding company with more than 10 million customers in Germany.
The fund will be geared toward making acquisitions in the energy and utilities space.
According to a statement from Matthias Reicherter, head of infrastructure at Golding Capital, the firm is betting on the regular income streams and long-term growth prospects of targets in these sectors as a reason for raising the fund.
Golding Capital currently manages more than $2.34 billion in assets. Its more than 100 institutional investors include insurance companies, pension funds, foundations and banks.